Section 125 Cafeteria Plan. Each teacher shall be able to participate in a salary reduction option under I.R.C. Section #125 Cafeteria Plan provided by Security Benefit Life. The teacher shall notify the clerk of the board annually, on a form provided by the clerk, prior to September 1, of his/her requested method of allocation. Allocation shall be made annually and only prior to September 1 or within one (1) pay period for a teacher employed after the commencement of the year.
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